Welland Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Welland are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Welland Mortgage Calculator Examples

Look No Further Your Spectacular Spacious 3 Bedroom, 3 Bathroom Freehold Townhouse That Has Everything You Wish For!!! In The Heart Newly Developed Family Community Of Welland, Close Highway /School/ Park And All Amenities. Lots Of Storage Space. Fabulous Open Concept Living And Dining Room.Large Kitchen &More !!!**** Extras **** Includes: Stainless Steel Fridge/ Stove/ Dishwasher All Elf's (Id:23934)
CALL1.877.896.6727
Property Price
$499,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$24,995
Mortgage Insurance ($)
$18,996
Mortgage Required ($)
$493,901
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,473
Mortgage Insurance PST
$1,520
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$34,488
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$30,488
Monthly Payment
$1,928
Absolutely Stunning 2 Sty Detached With 2070Sqft +Additional 1000Sqft Unfinished Basement! Generous Sized Master Bedroom With Walk In Closet & Private Ensuite Bath. 2Nd Floor With Additional 4 Piece Bath & 2 Additional Oversized Bdrms With Plenty Of Natural Light. Main Floor With Living Room Opens To Dining Room With French Doors Opening To 15Ftx30ft Deck. Additional Formal Dining Room, 2 Piece Bath& Kitchen With Plenty Of Cabinets, Countertop Space & Peninsula Style For Entertaining.**** Extras **** Unfinished Basement With Over 1000Sqft Of Space Ready For Finishing! Close To Welland Canal. Double Car Garage & Paved Driveway Offers Plenty Of Space For Vehicles & Storage. Low Maintenance & Corner Lot. (Id:23934)
CALL1.877.896.6727
Property Price
$749,900
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$49,990
Mortgage Insurance ($)
$27,996
Mortgage Required ($)
$727,906
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$11,473
Mortgage Insurance PST
$2,240
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,203
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,203
Monthly Payment
$2,842
This Raised Bungalow Offer Two Self-Contained Units, Ideal For Two Families Living Together. Separate Entrance To Finished Basement. Very Spacious And Bright Home. No Neighbours Behind. Double Garage. Close To Niagara College And Shopping. Do Not Miss!**** Extras **** 2 Fridges, 2 Stoves, Coin Operated Laundry, Dishwasher. (Id:23934)
CALL1.877.896.6727
Property Price
$699,000
Minimum Down Payment (%)
6.42%
Minimum Down Payment ($)
$44,900
Mortgage Insurance ($)
$26,164
Mortgage Required ($)
$680,264
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$10,455
Mortgage Insurance PST
$2,093
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$58,948
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$54,948
Monthly Payment
$2,656
Desirable Waterfront!! One Of Welland's Exclusive Locations. This 2 Sty, 4 Bedroom, 3 Bathrm Home Is Situated On More Than A 1 / 2 Of An Acre In The City!!! Spacious 2000 Square Feet Of Living Space. Hardwood Flooring & Porcelain Tiles Throughout. Open Concept Family Room & Nicely Laid Out Chef's Kitchen Leads You To A Backyard Oasis. Completely Customized With Huge Inground Pool, Slide & Jet Features. Multiple Seating Areas Including Deck And Gazebo. **Welland River****** Extras **** Tiki Bar With Lots Of Storage & 2 Pieces Bathroom. An Entertaining Dream!!! Stunning Views & Access To The Welland River From The Pool Deck. Approx 200Ft Of Flat Grass Area To Enjoy Up To The Rivers Edge. Tie Up Your Boat Or Pleasure Craft... (Id:23934)
CALL1.877.896.6727
Property Price
$999,900
Minimum Down Payment (%)
7.50%
Minimum Down Payment ($)
$74,990
Mortgage Insurance ($)
$36,996
Mortgage Required ($)
$961,906
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$16,473
Mortgage Insurance PST
$2,960
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$95,923
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$91,923
Monthly Payment
$3,756
Solid 3 Bed, 1.5 Bath 4 Level Side Split On Quiet Family Friendly Street. Large Living Room With Bay Window For Loads Of Natural Light, Separate Dining Room (Both With Updated Plank Flooring) And Big Bright Kitchen With Loads Of Cupboard And Storage Space. Upper Level Offers 3 Bedrooms With Updated Plank Flooring, Trim And Doors, 4 Piece Bath. 3 New Vinyl Windows In Lower Level, 2021 Furnace, Central Air, And Hwh. Bonus Detached 2 Car Garage. Convenient Location Offers Ease Of Access To 406, Memorial Park And Pool. Offers Welcome Anytime (Id:23934)
CALL1.877.896.6727
Property Price
$599,900
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,990
Mortgage Insurance ($)
$22,596
Mortgage Required ($)
$587,506
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$8,473
Mortgage Insurance PST
$1,808
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,771
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,771
Monthly Payment
$2,294

Mortgages In Welland

Almost touching the coastline of Lake Erie and hosting the Welland River, Welland is most certainly one of those 'spots' that home buyers should take a hard look at for their new home. The Welland Canal is used recreationally for free summer concerts performed on a floating stage but was originally built to move goods between the Great Lakes. There are a lot of community clubs and activities to be found in this fun city, like the Notre Dame Rowing Club. Not far from St. Catharines, Niagara Falls, and even Toronto, home buyers will appreciate the affordable housing stock here and the quality-built older homes and newer affluent developments. A Welland mortgage calculator can assist you in various ways, as there are different calculators that are designed to scoop up the numbers and work them for you. A mortgage calculator is more basic and only requires the mortgage loan amount, the years anticipated to repay the loan, the start date, and the interest rate. Choosing to purchase a home via a mortgage loan will depend on you, the decisions you make, and your financial standing. A mortgage loan is unlike any other type of loan, and the process to approval can be harrowing to say the least.
More and more people are becoming or have become self-employed, which in the past, has been a guaranteed denial on any mortgage loan application, but things are looking up! The CMHC guidelines that lenders must adhere to have loosened their criteria up just enough to allow lenders to work with self-employed business owners for a mortgage loan. Yes, there is a little more in-depth documentation to pull together, but for all home buyers, this is great news! So, shopping for a home in Welland and gaining mortgage loan approval is closer than you think. Entrepreneurs highly contribute to their communities and to the economy, and they are now eligible to work through a mortgage with a financial advisor and create a strategy for financial management that will help to transition the borrowers to home owners! It all begins with a mortgage calculator and your motivation to stroll through the processes involved with a mortgage loan & the lender. It is advisable to 'visit' with a few different lenders to see which mortgage products they offer you at what interest rate. You oversee the final decision of how you want your mortgage to work for you, but remember that this is a long-term commitment.